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 The Southern Bank Company
The Southern Bank Company
| RSSD ID 117775 | CERTIFICATE 29731 | ABA NUMBER 262285663 |
| 221 S 6th St |
Quarter Ended : |
2025-09-30 |
| Gadsden, Alabama, 35901 |
Updated : |
2025-10-30 |
| www.sobanco.com |
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| Institution Profile |
| Year Opened : |
1936 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
44 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 128,243 |
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Total Interest Income | 8,783 |
| Total Liabilities | 111,617 |
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Total NonInterest Income | 437 |
| Total Bank Equity Capital | 16,626 |
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Total Interest Expense | 2,051 |
| Total Deposits | 103,599 |
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Total NonInterest Expense | 6,016 |
| Net Loans & Leases | 55,480 |
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Net Income | 564 |
| Loan Loss Allowance | 1,136 |
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Net Charge Offs | 821 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 57,279 |
| Total assets for the leverage ratio | 128,659 |
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Loans secured by real estate: | 25,410 |
| Tier 1 Leverage Ratio | 14.62 |
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Commercial and industrial loans | 31,548 |
| Off Balance Sheet Exposures (%) | 4.98 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 321 |
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:· The Southern Bank Company
